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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (6706)	10/18/2007 10:28:06 AM
From: Crimson Ghost	Respond to of 50744

Slider: There are some serious negative impacts from the Fed's inflationary policies -- to wit surging costs across the board in many industries. Costs that are surging faster than prices can be hiked. We are now in a full fledged crack up boom. I doubt if one American in a hundred believes the phony CPI numbers put out by the Ministry of Truth. if the Fed continues on its current course they risk a rapidly accelerating loss of confidence and a dollar crash. Why would any rational investor hold an asset that is on its way to the toilet? The idea of a slow gentle drop in the dollar becomes more absurd with every day that passes. And a dollar crash inevitably means loss of reserve currency status. Which in turn means that huge trade deficits can no longer be financed except at much higher interest rates.

To: SliderOnTheBlack who wrote (6706)	10/18/2007 10:42:30 AM
From: carranza2	Respond to of 50744

The numbers were clear long ago. Anyone paying attention knows their broad scary outline. And, as you correctly point out, black and yellow gold also know. You believe Bernanke will cut by 25 basis points. You also believe he'll do whatever it takes to keep the markets stable. By implication, you believe - or should believe, if there is any consistency to your thinking - that the stock markets will do fine and that the two golds will continue to rise. In other words, nothing has changed, except your assumption concerning the rate cut. Who gives a hoot about GS?